Memphis Grizzlies rookie Deyonta Davis – the No. 31 pick in the 2016 NBA draft – has agreed to a three-year, $4 million deal, marking the richest guaranteed salary for an American-born second-round pick, league sources told The Vertical.

Davis finalized the fully guaranteed three-year deal on Sunday that allows Memphis to retain his Bird rights as a free agent and eliminate the Arenas provision, leaving him with no restrictions on how much he could earn on a second deal while entering free agency one year earlier than if he had been selected in the first round. With the exponential rise in the NBA’s salary cap, more second-round rookies have sought ways to enter the free-agency market as swiftly as possible.

Scroll to continue with content

Ad

Davis’ deal exceeds the guaranteed slotted salary of the 16th pick in the draft. Davis left Michigan State as a freshman, and his three-year deal allows him to reach free agency entering his fourth season.

Previously, Houston Rockets forward Montrezl Harrell had the richest guaranteed deal for an American-born second-round pick at $3.1 million for three years.